Fluor Anticipates Charge for Split-Off
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Fluor Corp., a worldwide construction and engineering company, said Thursday that it expects to take a charge of $13 million to $17 million in the last two months of the year for costs related to the split-up of the company.
The charge, amounting to 17 cents to 22 cents a share, will be taken for the so-called stub period, the final months of its old reporting period as the Aliso Viejo company changes over to reporting results on a calendar-year basis. Its fiscal year had ended in October.
Fluor split its Richmond, Va., coal mining business this month from its engineering, construction and consulting services. The new Fluor is the spinoff from the old Fluor, which was renamed Massey Energy Co.
The new Fluor also said it expects earnings for the first three months next year to range from 35 cents to 40 cents a share.
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